Air Methods to Take Over CJ Systems

By James T. McKenna | August 1, 2007

Air Methods Corp. has agreed to acquire 100 percent of the common stock of the parent company of CJ Systems Aviation Group for $25 million in cash. In what would be a major consolidation of the air medical sector in the United States if completed, Air Methods reached “a definitive purchase agreement” to acquire CJ parent FSS Airholdings. Air Methods and CJ are among the largest air medical service providers in the world. CJ alone has a fleet of more than 113 helicopters and fixed-wing aircraft. Among other things, the acquisition would give Air Methods a major maintenance and logistics base in the Eastern United States through the operation at CJ’s Pittsburgh headquarters. Air Methods said it anticipates closing on the deal no later than Oct. 31. For related news